Kodos9865

JayEmm came out with this video a couple of weeks ago:

https://youtu.be/Q8T4tq8Sc4Q?si=dpTqQV1oUibMCkBD

Also, Doug Demuro was recently on Matt Farah’s “The Smoking Tire” podcast and cited some interesting data with recent auction prices.

In short, the flipping market is absolutely dead (thank goodness!), and prices across the board are returning to earth. Newer sports cars in particular are getting hit pretty hard.

Although interestingly, Doug Tabbutt of Switch Cars was also on Farah’s podcast a couple weeks ago and said 997s are a bright spot amongst the rest of the sports car price decline.

Thoughts on the 997 market going forward?

groovzilla

Simialr to the car market over past 30 years, prices in general cool off during slow economic times. New cars take a hit.
During past slowdowns the used Porsche Market has remained strong/consistent in that prices don't fall too much however more cars hit the for sale market.
IMO 997 prices will come down a small % but not too much.

Another interesting trend is when economy slows or recession hits, Sportscars/high end buyers tend to stop buying new and go to the used car market.
Also Porsche owners who were thinking of selling and buying new or newer model will instead put money into services/repairs on their current P-car.

I'm curious how the Porsche collector market fairs. 1952-1959 356 market went crazy and prices insane. Since these cars are so rare and hard to find my guess is that market won't fall too much mainly because buyers of those cars over past 6 years won't dare lose thair asses selling at discount.




.

Graufuchs

I think the 997 market is a hidden GEM that has not been realized just yet, similar to the 964 market. In the water cooled world, the 997 is already considered a classic.

I suspect prices will dip 2-3% short-term but soar long-term +10-20% next 5-10yrs with specialty models such as the GTS, GT3 increasing more.

My humble thoughts.

Prairiedawg

In a perfect world, mine, the 997's will continue to appreciate and the 991's will crash so I can add one to my stable. I'm selling my Boxster GTS next week and will be using the funds towards hopefully, a 991 GTS in the near future.

Unfortunately, I dont see any of the prices coming down due to inflation and the excess dollars printed combined with the low production of new 992's. This is not exclusive to Porsche and runs across the automobile spectrum. Because new 911's are in short supply, the cost of a well equipped S is what Turbo money was just a few years ago. If you want to buy a 911 there aren't as many as there would normally be, so the price goes up across the board. That rising tide will lift all boats except 991's, I hope.

GT3twenty10

.1’s will hold their ground with value… slight cool
off.. .2’s because they were all limited production, 9a1 motors and more refined, I’d say the hidden gem… all the .2 models will always do well..
991’s and 996, there is just a lot of them… I’ve seen 991.1’s less than 997.2’s…

daddyscar

Fear of bore scoring has kept 997.1 prices in check. If more options become available to rebuild the engine for about $25k, I think we might be thinking of the days you could easily pick up a 997.1 for under $50k. I'm on my 4th 997. They have been solid and reliable for me. 991.1's I've checked out are at about $75k. 991.2's close to $100k.

I never liked the 996's. Prices for pre-996 911's are higher and I'm not familiar with their maintenance costs. I love the 997 body. My Carrera has a bunch of minor scratches and dings but it still gets complements all the time. My friends have said the 997 interior looks dated, but it looks classic to me. The PCCM+ makes it easier and more fun to drive. I paid a little high for my 997.1 with minor rear end accident on the carfax in the spring of 2022 that was locally owned. But to me there's no better way to get the 911 experience for under $50k. This is a 911 I can drive anywhere and anytime. There hasn't been any big surprise repairs so far so I fix things that have bugged me at the annual service. I got the PCCM+. I fixed the glitching sunroom and passenger window motors. I wish I replaced the frunk struts earlier (under $100 for parts and easy DIY). Next service I'm replacing the engine mounts. Would be fun to get a wrap.

I still get newer 911 envy and I want to get back in a cab. I have a love-hate opinion of the 992. I don't like that chunky rear but still think they look cool when they drive by if that makes any sense. If the right 997 GTS manual cab comes up, I might get weak and sell both the Carrera and GT3. Until then, I love driving the Carrera and have no concerns about properly maintaining this future classic.

Carrera2RS

I do think the 997 has found a lot of appreciation over recent years and I think this will continue and is well founded. There is something a little more organic and a little more 911 about the 997, the 991 is a little bigger, the steering is less special. even my 991.1 GT3 has a more modern feel, it's very nice but more modern somehow in feel. Price wise it will be down to the production numbers and the overall demand. Also the comparisons with other models, if the base 991's are hit harder then the 997 looks expensive in comparison.

I actually think the 997 is quite expensive, but I said that about my 964 RS when I sold it 10+ years ago for £50k !

Either way in terms of driver reward for the money it's good value

alfetta

I usually track 997.2 cab sales buy I have started to build a coupe base. Last 40 auction sales I could find had an average of $61,087 (these prices include premium where applicable. No turbos or heavily modified cars, base through GTS). I have added sales back to March 2023 and will continue to flesh out my coupe info back to 2018. This will remain a work in progress. A Covid time-killer that I just keep doing!

As to history, I have 997.2 cab prices, same criteria as above. This data is applicable to coupes in that the markets are linked a bit.

Sales Price MSRP
2023 36 $59,918 $115,204
2022 40 $64,575 $113,552
2021 22 $64,696 $115,986
2020 14 $55,272 $117,021
2019 6 $44,275 $109,474

The average MSRP of the coupes in the sample is $105,987. The surprising thing is the close used pricing between the cabs and coupes. I have an 85 and there is a chasm between coupes and cab pricing that has widened since the 2021 boom.

It will interesting to see coupe prices from 2020 on. I project for later.

GT3twenty10

interesting… 997.2 is obviously a sweet spot, but there all getting older now (obviously) and it’s only worth what someone is willing to pay for it.. I bought my GT3 for 106k in 2015 and doubled my money in 7yrs time… but that’s best case scenario and I sold an icon for the same year only it’s a CS..
there are a ton of 991’s (supply and demand)… 992’s, aren’t nearly as many vs 992’s,
plus they priced themselves out of a generation…

Petza914

It won't be long before you can't get a 997 that people want (S, coupe, 6 speed) for under $50k. Base models, Cabs, Tips, and PDKs will be around for a while below that, but people have woken up to how great the 997 is and it's only up from here, so if you've wanted one, get it soon and if you have one, hang onto it. 991 prices are already below 997.2 prices so that tells you the 997 is on the appreciation curve already.

Graufuchs

Found this interesting:

The 997 is the latest 911 to be added to classic services from Porsche.

https://www.porsche.com/stories/mobi...911---type-997

https://www.porsche.com/internationa...ic/models/997/

Chris M.

Do a nationwide search for manual 997.2 coupes and you'll see where the market is going. As long as they (and any other 997) stay that hard to find the prices will be strong.

https://rennlist.com/forums/market/1371836

sandwedge

I'm with you and many others who feel that the 997, especially the .2 version was the sweet spot. Many seem to share that vision since good examples of those built in limited numbers are hard to find. Weirdly enough, COVID helped me out of an obsessive urge to trade cars every three years. The market softened and I also realized that I didn't have to go to the office every day but could do just about everything from my home office.

So instead of putting around 8K miles a year on my car I'm now down to 2K miles or less. Less frequent enjoyment but it gets more special now with infrequent use. And I've made the decision to keep what I have instead of trading. I think a well maintained, always garaged 997 GTS will hold its value well going forward. Wishful thinking perhaps but the supply and demand formula rarely fails as far as I've seen regardless of product.

GT3twenty10

same here… I’m about 1k miles a year. We spend one month of the summer in Florida so that doesn’t help my cause… now instead of
tracking the .2 I’m going full circle and getting another MR2 for that.. motors are 1500 vs 30k..I’ll still run the occasional PCA club day in the .2 tho… why? Just trying to preserve this car. For me it’s the thought of the end of the line for these cars in ice form…

workhurts

I gotta admit, being lumped in with cabs, tips and pdks hurts.